Financial Markets

One myth upheld even by many people who has a basically sound outlook on monetary issues is the view that an inverted yield curve (where short term

I have been covering the story of the sovereign governments’ ongoing ventures into capital markets with their accumulated currency reserves (

I rather like this chart from the

“If you add up all the benefits, it’s really astonishing,” the New York senator and former first lady said, citing one study

Wealth cannot be created by means of loose monetary policy.

The sham of socially responsible investing (SRI) is exposed in a recent New York Times

Though western central banks have not been printing nearly as fast as their Zimbabwe counterpart, they do have a long history of increasing the money supply. It forces one to ask how much of the growth in Western stock markets over the preceding twenty-five years has been created by a vastly increasing money supply, and how much is due to actual wealth creation.

A correspondent on the LRC blog refers to the

Bob Greifeld, the President and CEO of Nasdaq, was once a great critic of Sarbanes-Oxley (SOX), citing the anti-competitive drag that SOX helped to

Short sellers are no more self-interested than others in financial markets. They improve the information incorporated in market prices that we all rely on to improve social coordination, as we seek to make the best of a world of unavoidable scarcity.